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Title: LTC! 1,000,714 kH/s!!!!! Post by: crazy_rabbit on November 29, 2012, 09:53:47 AM We're 1,000,714 kH/s Network Hash Rate for LTC!
We big time now boyzzzz! Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: crazy_rabbit on November 29, 2012, 09:54:22 AM Now it's 1,011,236 kH/s!!!! Still RISING!
Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: crazy_rabbit on November 29, 2012, 10:02:12 AM 1,022,084 kH/s :-)
Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: -ck on November 29, 2012, 11:00:46 AM I really wouldn't celebrate... all the GPU btc mining escapees will blow your difficulty out of the water killing your mining profit margins. Difficulty is supposed to parallel price. Price does not go up just because miners are driving difficulty up.
Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: crazy_rabbit on November 29, 2012, 11:22:14 AM I really wouldn't celebrate... all the GPU btc mining escapees will blow your difficulty out of the water killing your mining profit margins. Difficulty is supposed to parallel price. Price does not go up just because miners are driving difficulty up. Well there are quite a few people who were looking forward to this happening in the past, so have already mined a lot. More people mining also means more people invested in LTC being a success so more people possibly building services to use the coins they mine. And a stronger network. All positive things. I suspect many are probably dumping for BTC, but thats fine. Cycle of Coin life. Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: crazy_rabbit on November 29, 2012, 11:22:33 AM 1,150,595 KH/s
Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: almwaysa on November 29, 2012, 11:45:26 AM At the current moment we passed 1,173.104 :)
Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: crazy_rabbit on November 29, 2012, 12:23:30 PM 1,195,949 kH/s
Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: FuzzyBear on November 29, 2012, 12:52:52 PM BTC network was ~30GHash
now 24,616.6692 so 24.6GHash ..... wonder where the hashes have gone :P Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: BCMan on November 29, 2012, 01:06:59 PM BTC network was ~30GHash http://bitcoincharts.com/now 24,616.6692 so 24.6GHash ..... wonder where the hashes have gone :P Network total - 29.940 Thash/s . What decrease are you talking about? Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: FuzzyBear on November 29, 2012, 01:17:12 PM BTC network was ~30GHash http://bitcoincharts.com/now 24,616.6692 so 24.6GHash ..... wonder where the hashes have gone :P Network total - 29.940 Thash/s . What decrease are you talking about? ok sorry i was looking on https://vircurex.com there it says the network is now 22THash Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: crazy_rabbit on November 29, 2012, 02:11:30 PM Now: 1,442,507
Next Diff: 50 Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: tacotime on November 29, 2012, 03:26:54 PM I really wouldn't celebrate... all the GPU btc mining escapees will blow your difficulty out of the water killing your mining profit margins. Difficulty is supposed to parallel price. Price does not go up just because miners are driving difficulty up. While this is true, I think GPU miners have lost some faith in BTC because of ASIC delays and an ever rising difficulty (which may be related). In any case, it seems unlikely to me that enhanced adoption by miners will result in decreased prices. Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: smoothie on November 29, 2012, 05:32:06 PM All those new miners only care about BTC...watch out for selling...doesn't look like much BTC is on the buy order side. :D
Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: pekv2 on November 29, 2012, 06:36:01 PM Wow, highest I've ever seen it.
Network Hash Rate 1,173,026 kH/s Next Difficulty Estimate 41.03240424 High: 0.0068 BTC And highest I've seen ltc/btc price with btc being at 12.45. Good stuff. Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: mitty on November 30, 2012, 03:10:14 AM I decided to switch my gpu rig to litecoin just to try it last night (after the reward half it's currently not profitable for me to mine BTC) and I've been hanging around #13 on ozcoin's "top 30 hashrates" table. I find it amusing since I'm only running 1x5850, 3x5850 and for whatever reason the 5850 is stuck underclocked so my mining power isn't anything special. I'm mining at about 900khash/sec, which is apparently about 1/1000th of the total LTC network hash power. Seems like LTC is still pretty small despite the BTC block reward halving.
Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: FuzzyBear on November 30, 2012, 07:51:50 AM All those new miners only care about BTC...watch out for selling...doesn't look like much BTC is on the buy order side. :D Yeah i'd expect the LTC price to drop once the new miners look to cash out ... will be a good time to buy :) Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: dust on November 30, 2012, 08:03:45 AM All those new miners only care about BTC...watch out for selling...doesn't look like much BTC is on the buy order side. :D I'm glad you now concur with my previous speculation smoothie! :D :D :DI predict the price of LTC will tank when ASICs arrive and GPU miners switch to litecoin. It will be similar to when the merged mining of NMC started and bitcoin miners who acquired NMC just sold immediately, pushing the price down. Currently, most people who mine LTC care about litecoin and hold some, but after ASICs hit, there will be many miners who are just looking for revenues in BTC or USD and will sell their mined litecoins immediately. The only chance of a boost to litecoin price is if ASICs somehow destabilized the bitcoin network and there are credible risks of a 51% attack. Litecoin isn't merge mined with bitcoin. Nuff said to debunk your speculation. Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: smoothie on November 30, 2012, 09:40:50 AM All those new miners only care about BTC...watch out for selling...doesn't look like much BTC is on the buy order side. :D I'm glad you now concur with my previous speculation smoothie! :D :D :DI predict the price of LTC will tank when ASICs arrive and GPU miners switch to litecoin. It will be similar to when the merged mining of NMC started and bitcoin miners who acquired NMC just sold immediately, pushing the price down. Currently, most people who mine LTC care about litecoin and hold some, but after ASICs hit, there will be many miners who are just looking for revenues in BTC or USD and will sell their mined litecoins immediately. The only chance of a boost to litecoin price is if ASICs somehow destabilized the bitcoin network and there are credible risks of a 51% attack. Litecoin isn't merge mined with bitcoin. Nuff said to debunk your speculation. LOL your point only spoke of ASICs, not bitcoin halving. My point was due to the halving, not the arrival of ASICs, which aren't here yet. Nice try, but you did not get me on this one. Keep practicing oh little one. :D :D :D Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: -ck on December 01, 2012, 09:43:59 PM I really wouldn't celebrate... all the GPU btc mining escapees will blow your difficulty out of the water killing your mining profit margins. Difficulty is supposed to parallel price. Price does not go up just because miners are driving difficulty up. And as expected, difficulty has now been driven past the point of profitability in no time :PTitle: Re: LTC! 1,000,714 kH/s!!!!! Post by: smoothie on December 01, 2012, 09:54:26 PM I really wouldn't celebrate... all the GPU btc mining escapees will blow your difficulty out of the water killing your mining profit margins. Difficulty is supposed to parallel price. Price does not go up just because miners are driving difficulty up. And as expected, difficulty has now been driven past the point of profitability in no time :P+1 and hashrate is down lol....no one saw that one coming ::) ::) ::) Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: CoinHoarder on December 01, 2012, 11:16:08 PM I really wouldn't celebrate... all the GPU btc mining escapees will blow your difficulty out of the water killing your mining profit margins. Difficulty is supposed to parallel price. Price does not go up just because miners are driving difficulty up. And as expected, difficulty has now been driven past the point of profitability in no time :P+1 and hashrate is down lol....no one saw that one coming ::) ::) ::) Hash rate went back down to about 1000 Gh. Did some of the large GPU farms decide that it wasn't worth it anymore, or was this a bot net test?? Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: meebs on December 01, 2012, 11:44:38 PM I really wouldn't celebrate... all the GPU btc mining escapees will blow your difficulty out of the water killing your mining profit margins. Difficulty is supposed to parallel price. Price does not go up just because miners are driving difficulty up. And as expected, difficulty has now been driven past the point of profitability in no time :P+1 and hashrate is down lol....no one saw that one coming ::) ::) ::) Hash rate went back down to about 1000 Gh. Did some of the large GPU farms decide that it wasn't worth it anymore, or was this a bot net test?? when profitability drops 70% overnight it is easy to see why some folk would shut down of move to another coin. LTC has been been seeing 10-20% diff bumps and drops for months now... Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: BitCoiner2012 on December 02, 2012, 03:10:55 AM What was the hashrate last month this time?
Title: Re: LTC! 1,000,714 kH/s!!!!! Post by: bitcool on December 02, 2012, 02:49:18 PM I really wouldn't celebrate... all the GPU btc mining escapees will blow your difficulty out of the water killing your mining profit margins. Difficulty is supposed to parallel price. Price does not go up just because miners are driving difficulty up. And as expected, difficulty has now been driven past the point of profitability in no time :P>>Current Difficulty 44.03956404 >>Next Difficulty Estimate 33.17737992 Which makes things more interesting.... if mining LTC makes no money or loses money, like right now, who is still mining? 1. Botnet 2. People with "free" electricity 3. Diehard Litecoin fanatics ... Whatever the answer is, it's a good sign, because it means the wildest hash rate oscillation is behind us, making future 51% attacks near impossible. In other words, Litecoin is here to stay. |